Does Carney's Toolbox Include a Rate Cut?
As Britain stares at the prospect of another financial crisis, Mark Carney is breaking open an emergency toolkit that was created after the last one. The Bank of England governor has been in full flow since the U.K.’s shock vote to leave the European Union and is set to make his third appearance in 12 days on Tuesday to address the threats facing the financial system. He’ll outline the macroprudential tools available to support the economy, boost business lending and encourage investment -- and may ease capital requirements for lenders. RBC Europe Chief European Macro Strategist Peter Schaffrik discusses with "On the Move" host Guy Johnson.